Report: GE Oil & Gas to cut jobs to reduce costs

GE Oil & Gas is reportedly set to start staff cuts in an attempt to reduce costs. 

According to Evening Express, Aberdeen’s daily newspaper, the company has begun the restructuring process which includes job cuts.

Evening Express quotes GE Oil & Gas spokesperson as saying: “GE Oil & Gas has started restructuring projects to reduce the cost structure of the business.

The spokesperson also added that: “This includes proposals to reduce employment, which is a decision we don’t take lightly but one we must undertake for the long-term health of the business.”

The oil company operates worldwide and employs more than 45,000 people.

Offshore Energy Today reached out to GE Oil & Gas seeking confirmation of these reports as well further info on location and number of employees that might be affected. Should there be more info, the article will be updated accordingly.

Elsewhere in the oilfield services sector, Schlumberger has announced massive cuts, saying it will let go off 11,000 workers.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply